Who Scars the Easiest? College Quality and Earnings Losses from Graduating into a Recession
利用全国大学毕业生调查数据，研究了经济衰退期间毕业的收入损失如何因大学质量而异，发现损失集中在高质量大学毕业生中，机制包括劳动力退出、研究生教育变化及专业稳定性差异。
Graduating from college into a recession is associated with earnings losses, but less is known about how these effects vary across colleges. Using restricted-use data from the National Survey of College Graduates, the authors study how the effects of graduating into adverse economic conditions vary over college quality in the context of the Great Recession. They find that earnings losses are concentrated among graduates from relatively high-quality colleges. Key mechanisms include substitution out of the labor force and into graduate school, decreased graduate degree completion, and differences in the economic stability of fields of study between graduates of high- and low-quality colleges.